Textile Briefs National


1. The Technical and Vocational Training Authority (TEVTA) and the All Pakistan Textile Mills Association (APTMA) have agreed to form a ‘Textile Sector Council’ to ensure better coordination. This agreement will facilitate both organizations to meet the opportunities that would arise in the textile sector in near future.

2.  The exports of ready-made garments during the first four months of current financial year grew by 12% as compared to the exports of the corresponding period of last year.

3.  Exports of raw cotton form the country during the first quarter of the current financial year increased by 53.65% as compared to the exports of the corresponding period of last year.

4. The cotton crop in Pakistan suffers major loses due to climate change and its production is reduced by 21 percent to 6.097 million bales as compared to 7.706m bales produced in the same period last year.

5.  The Faisalabad Chamber of Commerce & Industry (FCCI) Senior Vice President (SVP) Zafar Iqbal Sarwar has proposed new textile policy for 2019-24 to make Pakistan world market leader in textile sector.

6.  The All Pakistan Textile Mills Association (APTMA) will collaborate with the European Union (EU) to ensure sustainability and growth of the textile industry in the country, said APTMA Punjab Chairman Adil Bashir.

7.  The Free Trade Agreement (FTA) between Pakistan and China has dented India's cotton yarn exports after Indian cotton exports declined by a massive 38.8 percent during the first six months of the current fiscal year that ended in September 2019.

8.  In a media briefing Abdul Razak Dawood said that Chinese companies have started locating business centers in different parts of Pakistan. They had started construction work in Lahore and Faisalabad to explore business in textile sectors.

9.  Textile businessmen in Pakistan recently urged restoration of the zero-rating facility for the sector if billions of rupees in sales tax refunds cannot be released.

10.  During a meeting at the FCCI, Miss Alicia, Dean marketing consultant of Austin USA said Pakistan should exploit its expertise in the textile sector to get a share from the textile market of Texas.

11.  PTMA has lauded the government for releasing Rs17.6 billion in various drawback schemes pertaining to the textile value chain. The members also paid a special tribute to the efforts of the Commerce Division secretary, who expedited the refund claims.

12.  The value-added textile sector has opposed the merger of commerce and textile divisions citing that it will affect the overall performance of the sector.

 

 
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